Acts one and three are pretty straightforward in terms of the Fed’s current narrative: March – May’s COVID Crisis was Act One and Act Three will be the eventual normalization of monetary policy. But Act Two is much harder to write.
"The Fed may follow up by announcing some new easing steps in accordance with its new regime, though the general market consensus seems to be that it will adopt a wait and watch approach."
If you say “September 11”, most people automatically think of the attacks of 2001... What they probably don’t even remember happened on September 11, were the attacks on the US Consulate in Benghazi, Libya, in 2012.
Senior editor, Ash Bennington, welcomes back Tony Greer, editor of the Morning Navigator, to discuss the latest in markets. Tony breaks down what he’s seeing…
It’s a case of printing money to keep the ever increasing debt alive rather than making enough babies in the previous generation to pass on the burden.
Despite the general improvement market tone, the 10Y auction is now trading at 0.6772%, exactly where it was one month ago when a far uglier 20Y auction priced.
